I'd like to take the opportunity, because your question, I think, points to something that we focus on, and that is the capacity to deliver services. The PSAS framework and treatment of capital accounting that Bill laid out ensures that the accumulated deficit.... That is, over years, some of the surpluses and deficits reflect the city's capacity to deliver services, and this is what we strongly encourage the governments to make clear to anyone who can read and write and add.
The federal government in particular, along with all governments, looms large in our lives, and it has a very significant effect on where people choose to work, live and invest, so we strongly encourage the governments to adhere to PSAS and the accrual accounting, because it straightforwardly tells you the capacity to deliver services, which is ultimately what investors and consumers will be interested in.
